Nvidia’s revenue almost doubled from a year ago in the latest show of strength for the chipmaker that has been one of the biggest beneficiaries of the artificial intelligence boom.
Revenue for the quarter to the end of October was $35.1bn, up 94 per cent from a year ago. It was a slower pace of growth from the previous quarter but still well above analysts’ expectations for $33.25bn.
Nvidia’s revenue guidance for the current quarter was $37.5bn, plus or minus 2 per cent, which met consensus expectations of $37bn. The shares were down about 1.8 per cent in after-hours trading ahead of the company’s earnings call.
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